KT withdraws interest in TT

South Korean telco KT Corp has said that it does not intend to bid for a stake in state-owned operator Tunisie Telecom (TT)but gave no reason for the decision, Reuters reports. KT had confirmed in September last year that it was involved in early talks to purchase Emirates International Telecommunications’ (EIT’s) 35% stake in the Tunisian provider. EIT is looking to sell its shareholding in the firm under plans to cut its debts.